Terms in this set (43)
Amount of money put into a bank account
An amount taken out of a bank account
The amount of money in a bank account
A statement from your bank listing all the transactions that have been received on your account
A statement made by you to compare the bank statement and the check register to get an accurate balance in the account
Obtain an agreement between 2 financial items by accounting for outstanding items
A check, withdrawal, or deposit that is on your bank register but has not yet made it through bank account
a written order directing the bank to deduct money from your checking account to make a payment.
a type of account that allows you to pay for goods and services with a written order or a debit card instead of cash.
a ledger where you record the deposits you made and the checks you've written.
the amount a bank charges you for handling your money transactions
the amount of money you earn on your money.
an automatic teller machine
A machine where you can withdraw or deposit money into your account
Personal identification code.
Internal Revenue Service
Social Security Deduction
Federal Income Tax Deduction
Income before deductions
Income after deductions
Usually double time or time and half
2 times your regular rate of pay
1.5 times your regular hourly rate of pay
Time and a half
The amount of money you earn per hour
An addition to your account balance
A subtraction to your account
An addition to your account
4 times a year
2 times a year
12 times a year
52 times a year
26 times a year
24 times a year
principal x rate x time
Interest on your principal and deposits only
Interest on your principal, deposits and interest
Would you rather have your money in an account that earns simple interest or compound interest?
Would you rather borrow money from a financial institution that charges simple interest or compound interest?
Pay based on the amount of sales you have
Pay based on the number of hours worked.
Earnings based on amount of items produced
Earnings based on a yearly set amount
Create a statement of expenditures and income to follow
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